Are you a new business looking to establish your presence in the Indian market? Look no further! At Etaxworld, we specialize in providing seamless GST registration services in India tailored to meet the unique needs of startups and entrepreneurs. With our expert guidance and simplified process, you can get your business GST registered hassle-free, ensuring compliance with the latest regulations.
What is GST?
GST registration services in India is the process by which businesses must register under the Goods and Services Tax (GST) regime. It’s mandatory for businesses with an annual turnover exceeding a certain threshold to register for GST. This registration enables them to collect GST on their goods and services and claim the input tax credit on GST paid on purchases. Essentially, GST registration ensures compliance with tax laws and allows businesses to operate legally in the country’s tax framework.
Introduction to GST Registration Services in India for New Businesses
The complexities of GST registration services in India can be daunting, especially for new businesses. Our comprehensive services are designed to streamline the registration process, allowing you to focus on what matters most – growing your business. Let’s dive into the key aspects of GST registration and how Etaxworld can assist you every step of the way.
Here are the points detailing who should register under GST in India:
Mandatory Registration:
Businesses with an aggregate turnover exceeding the prescribed threshold limit as per the GST Act must register for GST.
Threshold Limit:
For most states, the threshold limit for GST registration is an annual turnover of ₹20 lakhs. However, for special category states, the threshold is ₹10 lakhs.
Interstate Supplies:
Businesses involved in interstate supplies of goods or services must register for GST, regardless of turnover.
E-commerce Operators:
E-commerce platforms facilitating the sale of goods or services must register for GST, irrespective of turnover.
Input Service Distributors (ISD):
Businesses that distribute credit of input tax paid on input services to units across different states under the same PAN must register as ISDs.
Casual Taxable Persons:
Individuals or businesses making occasional taxable supplies in a territory where they don’t have a fixed place of business need to register under GST.
Non-resident Taxable Persons:
Non-residents making taxable supplies in India are required to register under GST.
Agents of a Supplier:
Individuals or businesses supplying goods or services on behalf of other registered taxable persons must also register under GST.